Transportation is often a company’s most over-looked and under-scrutinized cost area. On average, companies spend about 10 percent of their budgets on logistics, sixty percent of which is typically spent on transportation. Based on recurring survey data, transportation is by far the largest component of logistics costs for most companies, year after year, making it arguably the greatest potential area for savings.
Today’s shippers face more cost and service pressures than ever before. Fuel costs have experienced record highs, and continue to show a trend of massive fluctuation. Additionally, tight carrier capacity, changing hours-of-service regulations, route congestion, and exacting customer demands for “perfect order” fulfillment service levels mean there has never been a more critical time to focus on best-in-class performance in your transportation operations.
A dollar saved in transportation costs falls directly to the bottom line. Accurate, timely information about shipments allows companies to better manage costs and improve efficiency, while infrastructure improvements that utilize the strengths of each mode reduce gridlock.
A combined investment in technology, process planning, and infrastructure will allow companies to reach their true potential while enhancing performance.
At Tompkins, we use proven analytical tools and industry expertise to help you optimize your transportation operations and add value to your bottom line.
Our capabilities include the following strategic transportation initiatives:
- Network Optimization
- TMS Selection and Implementation
- Transportation strategy development
- Freight Bids—Inbound, Outbound, Lane and Spot Bids
- Outsourcing—Services and Strategies
- Inbound Freight Optimization (Conversion from Pre-Paid to Collect)
- Best Practice Gap Analysis and Implementation
- Private Fleet Rationalization
- Transportation Modeling
- Transportation Assessment